Headquartered in Cincinnati, OH Fiscal year ends December NASDAQ: FITB 53.com
Fifth Third Bancorp (NYSE: FITB) is a diversified financial services company and the indirect parent of Fifth Third Bank, National Association, a federally chartered institution. Following its acquisition of Comerica, Fifth Third operates approximately 1,429 banking centers and 2,549 ATMs, with a significant presence across the Southeast, Midwest, and expanded markets in Michigan, Texas, and California. The company provides a broad range of services including commercial banking, consumer and small business banking, wealth and asset management, commercial payments, capital markets, and mortgage banking. With approximately $301 billion in total assets, $239 billion in total deposits, and $180 billion in portfolio loans and leases, Fifth Third serves individuals, families, businesses, and communities. The company manages approximately $880 billion in assets under care and $125 billion in assets under management. Fifth Third employs approximately 25,069 full-time equivalent employees and has been recognized among Ethisphere's World's Most Ethical Companies. Updated
The Comerica deal is already paying: adjusted earnings came in 38% above consensus, with the full $850 million expense synergy run-rate locked in for the fourth quarter. Revenue came in missing expectations, and management guided fourth-quarter net interest income to growth of 2.5% to 3.5%.
Two tariff-era steelmakers and three regional banks report inside one session, making tomorrow the cleanest read yet on whether steel pricing and credit quality are holding up.
Cleveland-Cliffs $CLF and Fifth Third $FITB report tomorrow before the open. Crown $CCK, Steel Dynamics $STLD, W.R. Berkley $WRB, Western Alliance $WAL, and Zions $ZION follow after the close. https://t.co/Em6vSdvdKc
267 companies report next week, and Monday alone stacks regional banks, steel and mortgage REITs into one session. Cleveland-Cliffs and Fifth Third go before the open, with Steel Dynamics and AGNC after the close, setting the credit and industrial tone for the rest of the week.
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Fifth Third Bancorp (NYSE: FITB) is a diversified financial services company and the indirect parent of Fifth Third Bank, National Association, a federally chartered institution.
24/7 Wall St.'s 12-month price target for FITB is $64.24, rated Buy. The Wall Street consensus target is $61.39. FITB price prediction →
